Documentation gap dominates Urja Global disclosure in Renewable energy news
Renewable energy news from small listed companies can hide risk in footnotes. Urja Global’s December-quarter limited review does the opposite. It places documentation gaps on the face of the review.
The auditor states that no documentary evidence was made available for an “investment in mines projects” classified under capital work-in-progress, amounting to Rs 46.35 crore as on 31 December 2025. For Renewable energy news readers, CWIP is normally supported by contracts, invoices, and stage certificates. Here, the review records that such evidence was not provided.
The concern extends to financing lines. The auditor also records that no documentary evidence was available with respect to loans and advances granted by the company as on date. Management informed the auditor that a GST department raid on 20 July 2021 took records, and that project documents and signed balance confirmations are not available and will be sought from parties.
On that basis, the auditor states that recoverability of loans and advances, the impact on carrying value of investments, and the consequential impact on profit is “not determinable”. The auditor further states an inability to comment on compliance with applicable provisions of the Companies Act 2013.
Other points in the same review include non-reversal of GST ITC credits of Rs 34.24 crore due to unpaid creditors and trade receivables of Rs 70.59 crore with Rs 67.15 crore aged over 180 days.For Renewable energy news tracking, this is a balance-sheet evidencing issue. EnergylineIndia.com has the full verified breakdown and context for Renewable energy news users, News on Renewable Energy, Investor Risk, Audit Remarks, Balance Sheet, India Power.
